The New Jersey Corporation for Advanced Technology
(NJCAT) is a private/public partnership that pools the best talents and diverse resources of business and industry, entrepreneurs, university research centers, utilities and government to promote the development and commercialization of exciting, new energy and environmental technologies.
What does NJCAT do?
NJCAT provides technology innovators with the technical, commercial, and regulatory assistance required bringing promising new ideas to market. In addition to responding to the needs of innovators, NJCAT also identifies demands for new technological systems and seek out innovators who can meet those demands.
How does NJCAT provide assistance?
NJCAT can provide assistance to technology developers in a number of ways. The corporation focuses on a capital investment in possibilities for a particular technology system and identifies sources of federal grants or creates collaborative opportunities with member companies or other parties interested in underwriting research and development costs. Essentially, NJCAT is a partnership that provides a forum linking the inventor-entrepreneur with established corporations, research facilities, and inventors to catalyze business development.
For example, a small business that has developed a particular technology system may be unable to proceed beyond the pilot stage. NJCAT could offer that business a strategic alliance with one of its member companies, thereby ensuring that the project has the resources needed to proceed to commercialization.
For research assistance, innovators may approach NJCAT to be linked with one of the state's top technology centers, such as Stevens Institute of Technology, the New Jersey Institute of Technology, and Rutgers University. NJCAT also profiles markets and may recommend to state agencies and commissions that certain key or targeted technologies be eligible for expedited permitting and/or compliance assistance.
What type of needs do these projects address?
A number of important needs are addressed by new technologies. These include:
- development of products and processes using biotechnology
- environmental restoration of air, land and water
- efficient generation, distribution and utilization of energy
- environmentally sound manufacturing and industrial processing
- reuse and recycling of materials and resources
How does NJCAT operate?
NJCAT is governed by a diverse board of trustees elected by the membership. Members are be drawn from leading New Jersey companies with significant interests in energy and environmental, technologies, the investment and academic communities and utilities. Membership requirements include payment of a membership fee, provision of in-kind resources for development of targeted technologies and staffing for corporate committees.
Membership fees and in-kind contributions are determined by a company's size.
Participants or technology developers can come to NJCAT for technical and regulatory assistance in developing technologies. Participants will be invited to take part in corporate-sponsored activities, such as seminars, and to have promising technologies assessed for potential third party verification.
Who benefits from NJCAT programs?
NJCAT not only assists participants, but provides opportunities for its members as well. Members benefit from early, focused exposure to new technologies and have the opportunity to form strategic alliances with other members, participants and universities to collaborate on the development of these technologies. NJCAT also offers support services for research and commercialization, as well as investment opportunities.
New Jersey's businesses and citizens will benefit through a healthier economy and environment; new higher-paying, high-tech jobs; the more efficient use of research dollars; better coordination between industry, universities and government; and the availability of new technologies to address our emerging needs.
If you would like more information on NJCAT, please contact Dr. Richard S. Magee, Technical Director, at 973-879-3056 or firstname.lastname@example.org